Kodal Minerals Forum

I feel your pain S/H

Overhyped - overbought inho

I also think the african areas are very unstable politically.

fundraising has left someone sitting on a huge profit and ready to jump ship imho

crazy valuation - gold lithium both very very speculative but the share price has gone crazy - stay clear imho

KODAL could easily do an REM style re-rate in first few months of 2017 - likewise with QFI as they starting to become revenue creating with hardly any debt !! I predict a move back to 25p + for them

I did say KODAL was going to get a decent re-rate and it has more than doubled since I'm still holding ! Also buying some QFI ( Quadrise Fuels ) at moment as I think that will do the same and make some big gains - transformational period starting for them right now

I can see KODAL getting a huge re-rate on these new lithium assets

Is this a new Hot lithium play in junior aim sector ? I remember when REM made huge gains a while ago

SP Angel's note on Kodal is up on Research Tree: "Kodal Minerals has announced the successful completion of its acquisition of a portfolio of west African gold exploration properties from Australian listed Taruga Gold. The acquisition of Taruga’s wholly owned subsidiary, International Goldfields (Bermuda), for £410,000 in new Kodal shares leaves Taruga Gold with a 27.45% interest in the enlarged company. Kodal reportsthat “Taruga intends to distribute the Consideration Shares on 3 June 2016 as an in specie return of capital to Taruga shareholdersâ€￾. In addition, Kodal Minerals has raised £680,000 through the issue of 1,700m new shares at a price of 0.04p/share to progress the exploration of the newly acquired west African properties and the existing Norwegian assets. The successful acquisition of a suite of gold exploration properties in west Africa marks a new chapter in Kodal Minerals’ evolution. Exploration of a number of the projects is being funded through joint-ventures with major mining companies which should limit Kodal Minerals financial exposure while retaining significant exposure to any successful discoveries..."